Digital Fractional Bonds Qorus-Infosys Finacle Banking Innovation Awards 2024
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Emirates NBD
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking,...
United Arab EmiratesCategory
Core Offering InnovationKeyword
Savings & Investments
Innovation presentation
Emirates NBD has added fractional bonds on its mobile app ENBD X, enabling individual investors to invest across international bond markets with a minimum investment of just USD 25,000, significantly lowering the usual USD 200,000 entry barrier. In all, 23 bonds are available for investing, with a yield-to-maturity of up to 7.05%.
The new offering allows customers to search for bonds by various criteria such as yield, coupon rate, maturity type, and bond category, with real-time price updates. Customers receive instant push notifications upon transaction completion and can monitor their bond portfolios, including accrued interest and upcoming coupon payments, in real-time.
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